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of these minerals and has been jacking up prices and threatening to cut off nations like japan over territorial disputes. the pentagon started to study the issue a few years ago to determine what kind of miner rales go into the system and where they come from. the d.o.d. says there is no reason to ring alarm bells and the market appears to meet their needs. some are calling for more government involvement, including stockpiles, both of which are bad ideas according to our next guest, derek skizzors of the heritage foundation who studied this issue. welcome to the show. >> thanks for having me. >> you think this is overwrought, why? >> basically this has two foundations, one is rare earths are really important and the other one is the price is going way up. let's talk about rare. there's a long list, they're use inside commercial areas, i don't care and we shouldn't care. water is important, oil is important, the number of qualified engineers are important, saving deposits are important. it doesn't mean because something is important the government needs to do something. there needs to be a fail
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